RNS

RNS Number : 5529A
San Leon Energy PLC
21 March 2013
 

21 March 2013

 

San Leon Energy PLC 
("San Leon" or "the Company")

Conversion of Aurelian options

San Leon announces that in connection with the recommended merger pursuant to which San Leon acquired Aurelian Oil & Gas plc ("Aurelian"), the Company has completed the process of exchange of the outstanding Aurelian options, which have been cancelled, into new San Leon options which have now been granted as follows:

Aurelian Scheme

No. of new San Leon options

Exercise prices

Vesting dates

Expiry dates

USOP

6,534,602

€0.05 - £0.473

8/12/11 - 1/1/14

7/12/13 - 1/1/16

STIP (2010)

78,282

€0.05

1/1/14

31/12/20

LTIP (2011)

11,414,931

£0.12

16/11/14

15/11/18

STIP (2011)

1,298,354

€0.05

16/11/14

15/11/18

LTIP (2012)

26,011,685

£0.0727

25/1/15

24/1/18

STIP (2012)

5,036,619

€0.05

7/12/15

6/12/18

Other options

1,460,106

£0.131 - £0.623

11/2/14 - 3/10/14

15/11/18

 No new San Leon options were granted to Directors in this process, and the total number of San Leon options outstanding is now 164,849,549 (8.8% of existing issued shares). For reference, Directors' existing option holdings are now as follows:

Director

No. options

Date of grant

Expiry date

Exercise price

Vesting criteria







 Oisin Fanning

2,500,000

5/2/9

4/2/16

£0.11



5,000,000

26/7/10

25/7/17

£0.35

1


250,000

30/12/10

29/12/17

£0.25



3,500,000

14/2/11

13/2/18

£0.35

2


250,000

15/11/11

14/11/18

£0.11



2,750,000

15/11/11

14/11/18

£0.11



5,500,000

15/11/11

14/11/18

€0.05

3


3,500,000

21/3/12

20/3/19

£0.13



5,500,000

7/7/12

6/7/19

€0.05

4







Paul Sullivan

2,000,000

5/2/9

4/2/16

£0.11



5,000,000

26/7/10

25/7/17

£0.35

1


250,000

30/12/10

29/12/17

£0.25



2,500,000

14/2/11

13/2/18

£0.35

2


250,000

15/11/11

14/11/18

£0.11



2,750,000

15/11/11

14/11/18

£0.11



4,000,000

15/11/11

14/11/18

€0.05

3


3,000,000

21/3/12

20/3/19

£0.13



4,000,000

7/7/12

6/7/19

€0.05

4







John Buggenhagen

1,000,000

Pre-appointment

4/2/16

£0.11



1,000,000

Pre-appointment

4/2/17

£0.11



1,000,000

Pre-appointment

4/2/18

£0.11



5,000,000

Pre-appointment

25/7/17

£0.17



250,000

30/12/10

29/12/17

£0.25



2,000,000

14/2/11

13/2/18

£0.35

2


250,000

15/11/11

14/11/18

£0.11



4,000,000

15/11/11

14/11/18

€0.05

3


2,500,000

21/3/12

20/3/19

£0.13



4,000,000

7/7/12

6/7/19

€0.05

4







Raymond King

1,000,000

Pre-Admission

22/9/15

€0.05



1,000,000

5/2/9

4/2/16

£0.11



250,000

30/12/10

29/12/17

£0.25



250,000

15/11/11

14/11/18

£0.11



1,500,000

21/3/12

20/3/19

£0.13








Daniel Martin

1,000,000

Pre-appointment

25/7/17

£0.17



250,000

30/12/10

29/12/17

£0.25



250,000

15/11/11

14/11/18

£0.11








Jeremy Boak

1,000,000

Pre-appointment

6/7/15

£0.11



500,000

5/2/9

4/2/16

£0.11



250,000

30/12/10

29/12/17

£0.25



250,000

15/11/11

14/11/18

£0.11








Con Casey

None




 

Vesting criteria:

1.         Share price to exceed 100p for 30 days

2.         Share price to exceed  120p for 30 days

3.         Achieve production target of 500 barrels of oil equivalent/day

4.         Achieve production target of greater than 501 barrels of oil equivalent/day

 

 

For further information contact:

 

San Leon Energy Plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Exploration Director
Tel: +353 1291 6292  

 

Macquarie Capital (Europe) Limited  
John Dwyer
Tel: +44 (0) 20 3037 2000 

Fox Davies Capital  
Daniel Fox-Davies 
Richard Hail
Tel: +44 (0) 20 3463 5000 

FirstEnergy Capital LLP  
Hugh R. Sanderson 
David Van Erp
Tel: +44 (0) 20 7448 0200 

Westhouse Securities (Nominated Advisor)  
Richard Johnson 
Antonio Bossi
Tel: +44 (0) 20 7601 6100 

College Hill Associates 
David Simonson 
Rupert Trefgarne 
Alexandra Roper
Tel: +44 (0) 20 7457 2020

www.sanleonenergy.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 

END
San Leon Energy PLC Conversion of Aurelian Options    

TIDMSLE

 

    

RNS Number : 5529A

 

    

San Leon Energy PLC

 

    

21 March 2013

 

    

21 March 2013

 

    

San Leon Energy PLC

 

    

("San Leon" or "the Company")



Conversion of Aurelian options

 

San Leon announces that in connection with the recommended merger pursuant to which San Leon acquired Aurelian Oil & Gas plc ("Aurelian"), the Company has completed the process of exchange of the outstanding Aurelian options, which have been cancelled, into new San Leon options which have now been granted as follows:

    
Aurelian Scheme           No. of new     Exercise prices       Vesting dates     Expiry dates 
San Leon options

USOP 6,534,602 EUR0.05 - GBP0.473 8/12/11 - 1/1/14 7/12/13 -
1/1/16
STIP (2010) 78,282 EUR0.05 1/1/14 31/12/20
LTIP (2011) 11,414,931 GBP0.12 16/11/14 15/11/18
STIP (2011) 1,298,354 EUR0.05 16/11/14 15/11/18
LTIP (2012) 26,011,685 GBP0.0727 25/1/15 24/1/18
STIP (2012) 5,036,619 EUR0.05 7/12/15 6/12/18
Other options 1,460,106 GBP0.131 - GBP0.623 11/2/14 - 3/10/14 15/11/18

 

No new San Leon options were granted to Directors in this process, and the total number of San Leon options outstanding is now 164,849,549 (8.8% of existing issued shares). For reference, Directors' existing option holdings are now as follows:

    
Director            No. options    Date of grant    Expiry date   Exercise    Vesting 
price criteria

Oisin Fanning 2,500,000 5/2/9 4/2/16 GBP0.11
5,000,000 26/7/10 25/7/10 GBP0.35 1
250,000 30/12/10 29/12/17 GBP0.25
3,500,000 14/2/11 13/2/18 GBP0.35 2
250,000 15/11/11 14/11/18 GBP0.11
2,750,000 15/11/11 14/11/18 GBP0.11
5,500,000 15/11/11 14/11/18 EUR0.05 3
3,500,000 21/3/12 20/3/19 GBP0.13
5,500,000 7/7/12 6/7/19 EUR0.05 4

Paul Sullivan 2,000,000 5/2/9 4/2/16 GBP0.11
5,000,000 26/7/10 25/7/10 GBP0.35 1
250,000 30/12/10 29/12/17 GBP0.25
2,500,000 14/2/11 13/2/18 GBP0.35 2
250,000 15/11/11 14/11/18 GBP0.11
2,750,000 15/11/11 14/11/18 GBP0.11
4,000,000 15/11/11 14/11/18 EUR0.05 3
3,000,000 21/3/12 20/3/19 GBP0.13
4,000,000 7/7/12 6/7/19 EUR0.05 4

John Buggenhagen 1,000,000 Pre-appointment 4/2/16 GBP0.11
1,000,000 Pre-appointment 4/2/17 GBP0.11
1,000,000 Pre-appointment 4/2/18 GBP0.11
5,000,000 Pre-appointment 25/7/17 GBP0.17
250,000 30/12/10 29/12/17 GBP0.25
2,000,000 14/2/11 13/2/18 GBP0.35 2
250,000 15/11/11 14/11/18 GBP0.11
4,000,000 15/11/11 14/11/18 EUR0.05 3
2,500,000 21/3/12 20/3/19 GBP0.13
4,000,000 7/7/12 6/7/19 EUR0.05 4

Raymond King 1,000,000 Pre-Admission 22/9/15 EUR0.05
1,000,000 5/2/9 4/2/16 GBP0.11
250,000 30/12/10 29/12/17 GBP0.25
250,000 15/11/11 14/11/18 GBP0.11
1,500,000 21/3/12 20/3/19 GBP0.13

Daniel Martin 1,000,000 Pre-appointment 25/7/17 GBP0.17
250,000 30/12/10 29/12/17 GBP0.25
250,000 15/11/11 14/11/18 GBP0.11

Jeremy Boak 1,000,000 Pre-appointment 6/7/15 GBP0.11
500,000 5/2/9 4/2/16 GBP0.11
250,000 30/12/10 29/12/17 GBP0.25
250,000 15/11/11 14/11/18 GBP0.11

Con Casey None

 

    

Vesting criteria:

 

    
1.         Share price to exceed 100p for 30 days 
2. Share price to exceed 120p for 30 days
3. Achieve production target of 500 barrels of oil equivalent/day
4. Achieve production target of greater than 501 barrels of oil equivalent/day

 

    

For further information contact:

 

San Leon Energy Plc                 

Tel: +353 1291 6292
Oisin Fanning, Executive Chairman
John Buggenhagen, Exploration
Director

Westhouse Securities (Nominated Tel: +44 (0) 20 7601 6100
Advisor)
Richard Johnson
Antonio Bossi

Macquarie Capital (Europe) Limited Tel: +44 (0) 20 3037 2000
John Dwyer

Fox Davies Capital Tel: +44 (0) 20 3463 5000
Daniel Fox-Davies
Richard Hail

FirstEnergy Capital LLP Tel: +44 (0) 20 7448 0200
Hugh R. Sanderson
David van Erp

College Hill Associates Tel: +44 (0) 20 7457 2020
David Simonson
Rupert Trefgarne
Alexandra Roper

    

www.sanleonenergy.com

 

    

This information is provided by RNS

 

    

The company news service from the London Stock Exchange

 

    

END

 

    

MSCEAEDFAAEDEFF

 

    

(END) Dow Jones Newswires

 

    

March 21, 2013 06:21 ET (10:21 GMT)




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